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- Solana requests validators to improve the protocol on the testnet.
- Stakeholder highlights Solana’s spectacular mainstream encroachment.
- Blockchain upgrades and resident dapps are contributing to Solana’s development.
Layer 1 blockchain venture Solana continues to document vital milestones, each as a blockchain and as a hotbed for decentralized functions inside its ecosystem. Consistent with Solana’s development and improvement, the venture has requested validators on its testnet to improve to model v1.18.14. In response to Rex St. John, head of developer relations at Anza, Solana makes such requests when there’s lower than 5% delinquent stake.
In the meantime, St. John defined that upgrading to v1.18.14 is the subsequent step within the sequence, resulting in putting in the identical model on the mainnet-beta. He suggested customers to concentrate to when the testnet begins to run v1.18.14 supermajority and look out for a follow-up announcement later this week.
In one other improvement, Drift Protocol co-founder Cindy Leow has highlighted Solana’s penetration into the mainstream institutional viewers. In a current publish, Leow cited Drift’s inroads, a derivatives change for perpetual futures constructed on Solana, into the mainstream sector.
Increasing on her views, Leow famous that Bloomberg Crypto featured Drift Protocol for its vital traction this yr as a direct and clear various to centralized exchanges (CEXes). Within the report, Bloomberg famous that Drift Protocol holds collateral on-chain in order that balances “may be verified always.”
The report additionally cited Leow’s feedback, the place she famous that holding collateral onchain reduces counterparty dangers and stops nefarious practices like front-running. As of Leow’s publish, Drift Protocol’s whole worth locked (TVL) stood at roughly $385 million, in line with knowledge from DeFiLlama.
Solana’s achievements are mirrored within the blockchain token’s efficiency, with SOL gaining over 1,000% between October 2023 and March 2024. The blockchain token has retraced following a pullback within the crypto market however stays in an accumulation stage forward of the upcoming bull run.
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